FTX founder Sam Bankman-Fried said in a series of recent X posts that US President Donald Trump was “right on crypto,” while Joe Biden “bungled crypto.” Disgraced FTX founder Sam Bankman-Fried has ramped up his social media praise for US President Donald Trump while taking aim at former President Joe Biden, just days after Caroline Ellison, the former CEO of Alameda Research, was released from federal custody. Since Bankman-Fried’s February 2025 interview with the New York Sun and March appearance with political commentator Tucker Carlson, many see Bankman-Fried as angling for a pardon from Trump. “@realdonaldtrump is right on crypto,” Bankman-Fried said in an X post on Friday, just days after Ellison walked free after serving 440 days in prison for her role in the 2022 collapse of FTX. Read more
US President Donald Trump nominated former Fed Governor Kevin Warsh to replace Jerome Powell as Federal Reserve chair, setting up a Senate confirmation fight. US President Donald Trump said Friday he will nominate former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as chair of the US central bank, setting the stage for a high-stakes Senate confirmation battle. The decision, announced by Trump on his social media platform Truth Social, confirmed Thursday reports that Trump would move ahead with the 55‑year‑old ex–Fed official and Morgan Stanley banker as his preferred candidate. The president said that he had known Warsh for a long time and had “no doubt” that he would go down as “one of the “GREAT Fed chairmen, maybe the best.” Read more
A tentative deal in Washington has eased some shutdown fears, but with key votes still pending, crypto, gold and silver are trading through liquidity jitters and foreign policy risk. US Senate leaders and the White House said they have reached a bipartisan framework to avert a partial government shutdown, but the agreement still needs to clear key votes in Congress before funding actually expires. Negotiations had stalled over funding for the Department of Homeland Security and immigration enforcement, with the current stopgap spending bill set to lapse Friday at midnight Eastern Time, leaving lawmakers racing to finalize and vote on the package before the deadline. On Thursday evening, President Donald Trump stated that the “only thing” that could slow down the country was “another long and damaging Government Shutdown.” He said that he was “working hard with Congress” to secure the necessary funding. Read more
US President Donald Trump said it was dangerous for Britain to be getting into business with Beijing, as Prime Minister Keir Starmer lauded the economic benefits of resetting relations with China during a visit there on Friday. As Western leaders reel from Trump’s unpredictability, Starmer is the latest to head to China. In three-hour talks with President Xi Jinping on Thursday, the British leader called for a “more sophisticated relationship” with improved market access, lower tariffs and investment deals while also discussing football and Shakespeare. From left, Zheng Zeguang, Chinese ambassador to to Britain, Ren Hongbin, Chairman of the China Council for the Promotion of International Trade, Britain’s Prime Minister Keir Starmer and Ge Haijia on January 30, 2026. —Reuters In Washington, however, replying to questions about the closer ties, Trump said, “Well, it’s very dangerous for them to do that.” He was speaking to reporters ahead of the premiere of the “Melania” film at the Kennedy Center. He did not ...
Kevin Warsh, seen as a more hawkish Federal Reserve chair pick, previously said Bitcoin could serve as a check on fiscal policy decisions. US President Donald Trump is expected to nominate Bitcoin-friendly Kevin Warsh as the next chair of the Federal Reserve when he announces his pick on Friday. Trump said on Thursday that he will be announcing his pick to replace the central bank’s current chair, Jerome Powell, whose term finishes in May, on Friday morning, with Bloomberg, The Wall Street Journal, and The New York Times reporting that the president is set to announce Warsh as his nomination. Reuters had earlier reported that Trump met with Warsh, who served as a Fed governor from 2006 to 2011, on Thursday, with one person briefed on the discussion saying Warsh impressed the president. Read more